Intel acquired Altera Corporation, a leading name in the field-programmable gate array technology field. Amid the growing internet of things ecosystem, experts consider it a perfectly timed initiative by Intel to expand its product portfolio and expertise.
Intel’s senior management team is pleased to announce this update and hopes that both the companies will be able to develop world-class semiconductors equipped with high-end features and cutting-edge technology.
Going forward, Altera will be transformed into a wholly owned subsidiary of Intel called Programmable Solutions Group and led by its head Dan McNamara. Even after the acquisition, Altera will continue to work on its existing product line, including FPGA, power products, and ARM-based SoC with the additional support from Intel.
PSG will offer additional support to the Data Center Group of Intel to ensure that it can continue to deliver highly customized, world-class IoT-related products.
Intel tends to create highly innovative programmable logic devices that can provide such solutions to customers, which seem beyond reach at this point. It believes that if the FPGA technology of Altera is merged with its semiconductor manufacturing capabilities, it can deliver tools with unmatched power efficiency and performance.
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